Latest Scandinavian Financing News

Danish Business Minister visited Singapore

Major deals were signed when the Danish Business Minister Rasmus Jarlov visited Singapore this week on his first international visit. The prime focus was Maritime Innovation and Fintech. During the three day long visit to Singapore, Danish Minister for Industry, Business and Financial Affairs, Rasmus Jarlov, and his entourage initiated three new important partnerships between Denmark…

Inspiration from Scandinavia: GH Bank will roll out new mobile app

With the almost cash-free Scandinavian countries as their role model, Government Housing Bank in Thailand will launch a mobile app and other digital services that will make it easier to pay without cash, writes Bangkok Post. Cash has become a rare thing in Scandinavia, where credit card payments and mobile transactions are an option in…

Asia House event: Danish fintech in Singapore

On 30 August Copenhagen Fintech and the Danish Embassy Singapore is hosting an event at Asia House in Copenhagen. The event is shedding light on Singapore’s Fintech environment prior to the upcoming Singapore Fintech Festival in November. The session will be looking at the present market opportunities, newest trends and most recent developments. What are…

Collectius acquires non-performing loan portfolio in Philippines

Collectius Group from Sweden has announced that it acquires a 100 million USD non-performing loan (NPLs) portfolio in the Philippines. The transaction permits Collectius to support 170 000 debtors to become debt free. The deal with a local bank further strengthens Collectius position as the preferred debt purchaser of consumer non-performing loans (NPLs) in the…

China-Norway coop held in Shanghai

China and Norway joined hands in a financial cooperation seminar held in Shanghai. The cooperation between China and Norway has flourished in many areas, including political, cultural, environmental, educational, sport, science, trade, investments and finance, according to Global Times. That’s the basic point expressed by Geir O.  Pedersen, Ambassador, Royal Norwegian Embassy in China who held the…

The company behind illegal North Korean arms trade was a customer of Danske Bank

The biggest banking scandal in the modern history of Denmark continues to add new unexpected shades to the story. The scope of the Danske Bank money laundering scandal is greater than expected according to the Danske Bank CEO. Back in 2009, the bank was involved in a criminal case about illegal trafficking of North Korean…

EQT closes Mid Market Asia III fund on vibrant market

EQT (a leading investment firm from Sweden) in early May announced the successful closing of the EQT Mid Market Asia III fund with total commitments of USD 800 million. The fund is backed by a global blue-chip investor base, including pension funds, insurance companies and fund-of-funds. The commitments are globally distributed with approximately 48% from…

Swedish Stena invests in debt collection company Collectius

Collectius, a Swedish-Singaporean debt collection and receivables acquisition company with close to 20 years of experience in the South East Asian region, has announced the conglomerate Stena as its new investor, making a multimillion dollar equity injection and increases its commitment through a credit line. Being one of the largest family-owned companies in Sweden Stena…

OW Bunker’s top management was misled by the Singapore boss

The head of the subsidiary Dynamic Oil Trading is sentenced to prison for losses of 90 million dollars. The top of the OW Bunker Group was not aware of the huge risks, which were hidden in the bookkeeping, the court in Denmark states. The bankrupt of the OW Bunker Group in 2014 has led to…